Daiwa Securities Group Inc. Lowers Stock Position in Abercrombie & Fitch Co. (NYSE:ANF)

Daiwa Securities Group Inc. cut its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 46.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 700 shares of the apparel retailer’s stock after selling 600 shares during the period. Daiwa Securities Group Inc.’s holdings in Abercrombie & Fitch were worth $124,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Sage Rhino Capital LLC grew its position in shares of Abercrombie & Fitch by 5.5% during the second quarter. Sage Rhino Capital LLC now owns 1,695 shares of the apparel retailer’s stock worth $301,000 after acquiring an additional 89 shares during the last quarter. Franklin Resources Inc. grew its position in Abercrombie & Fitch by 0.4% in the 4th quarter. Franklin Resources Inc. now owns 25,435 shares of the apparel retailer’s stock valued at $2,244,000 after buying an additional 93 shares during the last quarter. Spire Wealth Management grew its position in Abercrombie & Fitch by 51.4% in the 1st quarter. Spire Wealth Management now owns 315 shares of the apparel retailer’s stock valued at $39,000 after buying an additional 107 shares during the last quarter. Ritholtz Wealth Management grew its position in Abercrombie & Fitch by 3.6% in the 2nd quarter. Ritholtz Wealth Management now owns 3,277 shares of the apparel retailer’s stock valued at $583,000 after buying an additional 115 shares during the last quarter. Finally, Petra Financial Advisors Inc. grew its position in Abercrombie & Fitch by 3.0% in the 2nd quarter. Petra Financial Advisors Inc. now owns 6,103 shares of the apparel retailer’s stock valued at $1,085,000 after buying an additional 176 shares during the last quarter.

Abercrombie & Fitch Stock Down 0.1 %

NYSE:ANF opened at $134.48 on Wednesday. The company has a market capitalization of $6.87 billion, a PE ratio of 16.73 and a beta of 1.50. Abercrombie & Fitch Co. has a 52-week low of $49.24 and a 52-week high of $196.99. The stock has a fifty day simple moving average of $151.85 and a 200-day simple moving average of $146.68.

Analysts Set New Price Targets

A number of research firms recently weighed in on ANF. Citigroup upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective on the stock in a research report on Friday, August 30th. Jefferies Financial Group lifted their price objective on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. UBS Group reduced their target price on Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Telsey Advisory Group reissued an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. raised Abercrombie & Fitch from a “neutral” rating to an “overweight” rating and raised their target price for the company from $167.00 to $194.00 in a report on Monday, July 22nd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.57.

Insider Transactions at Abercrombie & Fitch

In other news, EVP Samir Desai sold 19,041 shares of Abercrombie & Fitch stock in a transaction on Friday, September 6th. The stock was sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the completion of the transaction, the executive vice president now owns 27,985 shares of the company’s stock, valued at approximately $3,676,109.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Samir Desai sold 19,041 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $131.36, for a total value of $2,501,225.76. Following the completion of the transaction, the executive vice president now owns 27,985 shares of the company’s stock, valued at approximately $3,676,109.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Helen Mccluskey sold 3,500 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $139.38, for a total transaction of $487,830.00. Following the completion of the transaction, the director now directly owns 37,470 shares of the company’s stock, valued at approximately $5,222,568.60. The disclosure for this sale can be found here. Insiders sold 31,541 shares of company stock valued at $4,310,256 in the last 90 days. 3.77% of the stock is currently owned by insiders.

Abercrombie & Fitch Profile

Abercrombie & Fitch Co, through its subsidiaries, operates as an omnichannel retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brands.